USD/JPY Discussion

Target 113.38, 112.00

Not in any UJ position now, but does anyone think that the market will get over the Trump press conf by the start of US session today and start going back to 116 area? Or is UJ toast (for now)?

My humble opinion, I am not also in this but i will only place a LONG when it gets to 111.*** area

Quite possibly, I want to close my shorts during the euro session before the US session.

From what I see the USD is declining. I am holding my short on the Yen. Shorted at 116.

Limit was triggered, all shorts closed. Will wait to see what happens in Europe session now.

Not even thinking about long til 113.5x

But 109.xx / 106.8x and lower for longer term as dollar will get crushed

I agree, would not want to long now - dollar is falling against every major currency. However, I am hesitant to take any further shorts, so I'll just watch from the sidelines.

No real support on the downside until the low 100s since the move up was basically a parabolic move.

Could be a inverted V correction for the next few weeks/months

All you guys talking about long to 122 some weeks ago are now talking about short to 110...please just shut up and trade.

what about you Soros ?

Potential reversal on 1h (reverse shooting star) and 4h, double bottom on 5m, not trading it just yet though, I think 114.5 might be a good long entry - upside for now I feel is limited however given current momentum.

However, it's also at the bottom of the downtrend channel. Watching price action closely.

If it breaks down from here, may as well go straight to 106 or at least around 111.

Also, just saw this: http://humbletraders.com/daily-ellio...ibly-complete/
Kind of consistent with my view (though I'm looking more short term).

Shorting to 112!

Dollar selling off against nearly every single currency out there. Bubble popped.

usdjpy can hardly bounce....maybe a dip to 113.5x will help, or a crush down

pls sm1 tell me why am i trading thsi shit... it not moving at all

Newbie huh?

112 should be a good buy then. Let's see what happens

SunTrader , yes I am a newbie. I have been scouring the Web to find a website like Forex Factory and found it by accident. The traders on this site are fantastic. Regarding the USD/JPY , I read the comments regarding where this pair was headed and I became intrigued due to the differing opinions. The "predictor" I use is very simple and it is to be used on AT LEAST A 4 HOUR CHART. So I looked the pair up on a 12 HOUR CHART , which has 2 INDICATORS on it. A 9-period and a 5 period EMA. That's it !! I found this on YouTube !! The pair will trade in the direction of the 5-period EMA whether it is above or below the 9-peiod EMA. Yesterday , the 5 period EMA was well separated from , AND BELOW , the 9 period EMA on the 12 hour chart of the USD/JPY , so , thru my limited experience I knew there was no way in hell , barring a catastrophe , that the pair was going higher for a minimum of 24 hours.
I have also added a 20 Period EMA to my chart. Above it , I go long----below it , I go short. I have found that I will miss a good number of pips by waiting for the 2 EMA'S to definitely cross one another , but by waiting for it to happen , I have always been on the right side of the trade. Just a stroke of luck that I came across this. May all your positions be profitable SunTrader.